It would be through a combination of solar and wind whose capacities CIL aims to set up on pan India basis. This initiative aligns with India's national goal of achieving a cleaner energy mix and transition towards net zero emissions.
A formal non-binding memorandum of understanding (MoU), for long-term supply and sourcing of renewable energy, was inked on 7 May 2025 between the two entities.
AM Green will integrate the two renewable sources supplied by CIL with pumped hydro-storage to ensure a steady supply of green energy to AM Green facilities.
“While coal remains our mainstay in meeting India's expanding energy needs in the near term, our plans include a proactive role in building a greener and more sustainable future. This is in consonance with our commitment to become the country's integrated energy provider,” said PM Prasad, CIL's Chairman.
AM Green targets to produce 5 million tpy of green ammonia by 2030. This equals to approximately 1 million tpy of green hydrogen and represents a fifth of India's target for green hydrogen production under the National Green Hydrogen Mission.
Anil Chalamalasetty, Founder of the Hyderabad-based Greenko Group and AM Green, added, “We are delighted to partner with CIL on one of the world's largest carbon-free, renewable energy supply contracts. We aim to become one of the most cost-competitive producers of green hydrogen, green ammonia, and other green molecules in the world.”